Dfns adds Concordium to enable identity-verified Web3 wallets

By Vriti Gothi

Dfns has integrated the Concordium blockchain into its Wallet-as-a-Service (WaaS) platform, adding protocol-level identity verification to more than 10 million wallets and approximately USD 20 billion in secured digital assets managed through its infrastructure.

The integration enables financial institutions, FinTechs and consumer platforms to create Concordium-based wallets and verified on-chain identities via a single API, without managing underlying blockchain or identity complexity. It comes as enterprises face growing regulatory pressure to balance compliance requirements with user privacy in Web3 applications.

Concordium is a Layer-1 blockchain designed with an embedded, privacy-preserving identity framework. Its model uses zero-knowledge proofs to verify attributes such as age or jurisdiction without exposing personal data or relying on centralised identity databases. By integrating this capability at the wallet infrastructure layer, Dfns aims to allow enterprises to launch compliant Web3 services while maintaining a privacy-first user experience.

The development follows Dfns’ expanded white-label partnership with IBM, under which IBM Digital Asset Haven customers can access Concordium-based identity wallets through Dfns’ API. For enterprises, the combined offering is positioned as a way to reduce the operational burden of building bespoke identity and wallet infrastructure while meeting regulatory expectations.

Dfns’ WaaS platform is used by institutions including Fidelity International, ABN AMRO and Standard Chartered-backed Zodia Custody. Through the Concordium integration, customers can access functions such as wallet creation, transaction signing and broadcasting, on-chain transfer history, webhook alerts and real-time monitoring through a unified interface.

“Dfns is the gold standard for secure, scalable wallet infrastructure, and this integration puts Concordium’s built-in identity layer directly into the hands of enterprises and builders who crave compliance without complexity,” said Boris Bohrer-Bilowitzki, CEO of Concordium.

Clarisse Hagège, CEO, Dfns, said, “The partnership reflects growing demand from enterprises to outsource wallet infrastructure as Web3 adoption scales. With WaaS adoption soaring, we’re fully committed to making life easier for builders, which goes beyond custody to orchestrate the full digital asset ecosystem.”

For Concordium, the integration provides broader distribution through a widely adopted WaaS provider, supporting use cases such as identity-verified wallets, stablecoin payments, compliant decentralised finance and regulated digital commerce.